Bitcoin News Today: Binance Users Shift 496K ETH to BTC in August PoR Report

Binance users are shifting their holdings from Ethereum (ETH) to Bitcoin (BTC), according to the exchange’s 33rd Proof of Reserves (PoR) report, which was published on August 1, 2025. The report revealed that Ethereum reserves on the platform dropped by 9.84%, amounting to 496,000 ETH over the month, marking the largest monthly decline among all assets tracked. At the same time, Bitcoin reserves increased by 2.99%, or 17,167 BTC, indicating a strong preference for the leading cryptocurrency among traders [1].

The PoR report provides a transparent overview of user-held assets on the exchange and serves as a key indicator of investor sentiment. The contrast between the outflow from ETH and the inflow into BTC signals a clear reallocation of capital toward Bitcoin. Analysts suggest this trend may reflect a shift in risk appetite or a preference for Bitcoin as a more stable store of value amid market uncertainties [1].

Stablecoin reserves also showed positive movement, with USDT holdings rising by 258 million tokens, or 0.87%. Binance Coin (BNB) reserves increased by 150,257 tokens, or 0.38%. These figures highlight the growing demand for cash-like digital assets on the platform [1].

Binance’s dominance in the global market remains strong, with the exchange maintaining a significant share of trading volume across major exchanges. However, its presence in the U.S. remains limited. Binance.US holds just 0.63% of the market, compared to Coinbase’s 59.3%, reflecting the regulatory challenges the platform faces in the region [1].

The shift in user behavior coincides with Binance’s recent introduction of BTC options writing to all users, expanding the platform’s product suite to meet the demand for advanced trading tools. While the report does not explicitly connect the ETH-to-BTC movement to this feature, the timing suggests a broader trend toward Bitcoin-centric strategies [2].

Bitcoin has remained under pressure in recent weeks, struggling to maintain prior highs, while altcoins such as Ethereum have faced downward momentum. These broader market conditions likely contributed to the observed shift in holdings [3]. However, it is important to note that these are general market trends and not directly linked to the specific ETH-to-BTC movement reported in the PoR data.

Despite the transparency efforts demonstrated in the PoR report, some users have raised concerns about potential gaps in reporting. For example, a recent transfer of 82,500 SOL to Wintermute was not included in the latest PoR data, prompting speculation about delays or omissions. Nevertheless, the ETH and BTC figures remain consistent and verifiable [6].

The data from the PoR report reflects observable trends in user activity rather than speculative forecasts. As such, the movement from ETH to BTC should be interpreted as a response to current market dynamics rather than a predictive signal of future performance. The lack of further detail regarding the motivations behind the shift means the behavior could reflect either short-term trading strategies or a more long-term portfolio realignment [1].

Sources:

[1] title: Binance PoR Report August: 496K ETH Outflow, 17K BTC ... (https://coinedition.com/binance-users-are-selling-eth-and-buying-btc-latest-por-report-shows/)

[2] title: Bitcoin News Today: Binance Opens 'BTC Options Writing' ... (https://www.coindesk.com/markets/2025/08/04/binance-opens-bitcoin-options-writing-to-all-users)

[3] title: Binance Data Shows Decline in Leverage: Is a Major Crypto Shakeout Coming? (https://www.newsbtc.com)

[4] title: MEMEFI Pumps 200% After Binance Delisting Spooks Market (https://www.beincrypto.com)

[5] title: Bitcoin: Latest News, Social Media Updates and Insights (https://cryptorank.io/news/bitcoin)

[6] title: Binance Transfers 82500 SOL to Wintermute Ahead of ... (https://coinfomania.com/binance-82500-sol-wintermute-unlock/)